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Property profile & analytics
OFF-MARKET
Land

0 Wasco Almonds Portwood Kern Rnch Bakersfield, CA 93302

1237.33 ac lot
Property ID
Property summary
AI-generated overview

This exceptional agricultural investment opportunity encompasses approximately 1,237.33 acres of land situated in Bakersfield, Kern County, California (zip code 93302). The property, identified by APN numbers 069-262-49 and 069-280-07, is zoned A and features approximately 1,189.2 acres planted with almonds, boasting young orchards ranging from 7 to 10 years of age. The robust irrigation system includes seven irrigation wells, three reservoirs equipped with three filter stations, and a substantial 694 kW AC solar system, contributing to operational efficiency and cost savings. Water access is provided through the Semi-Tropic Water Storage District (WSD), utilizing four non-contract meters and four non-contract canal lift pumps. While the property does not have contract water, the existing infrastructure ensures reliable irrigation. Supporting infrastructure includes a fenced equipment yard, a steel-framed shop, and a pole barn. The productive soils and established almond orchards generate significant income and offer attractive tax benefits. This turnkey operation presents a rare opportunity to acquire a well-maintained and highly productive almond ranch in a prime agricultural location. The asking price for this remarkable property is $20,500,000, translating to approximately $16,568 per acre.

Property profile
Verified
Property type Land
Lot 1237.33 ac (53,898,095 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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